As you can see, we are in the 4-hour timeframe. This is our first support line which we have drawn. As you can see the price has reacted to this line. You see that it has broken above our resistance line and is moving upward. If it fixes above this line, we can expect it to reach the second resistance. But if it moves downward below the resistance line, it can fall to our second support.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.